article thumbnail

FP&A best practices for 2024

Centage

Financial planning and analysis is at the heart of strategic decision-making for businesses, and as we step into 2024, it’s crucial to align your FP&A processes with the latest trends and best practices. Here are some areas within FP&A software & technology to focus on as you start the year.

article thumbnail

Tips for Success: The Role of Profitability Analysis and Improving Profit Margins

Centage

With that said, it’s important to gain a greater understanding of your profitability which requires more analysis than a financial statement and a balance sheet. By doing a profitability analysis, companies can identify specific areas in need of attention. Don’t be tempted to stop at only one or two of them.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Tips for Success: The Role of Profitability Analysis and Improving Profit Margins

Centage

With that said, it’s important to gain a greater understanding of your profitability which requires more analysis than a financial statement and a balance sheet. By doing a profitability analysis, companies can identify specific areas in need of attention. Don’t be tempted to stop at only one or two of them.

article thumbnail

FP&A Survey Results – Finance Trends and Predictions for 2022

Centage

In creating our financial planning and analysis (FP&A) solution, we gain valuable insight from a wide range of industry experts, including mid-market CFOs and finance leaders. Top Priorities FP&A priorities for 2022 varied among finance leaders.

article thumbnail

Why Financial Forecasting Is More Important Than Your Annual Budget

Centage

But times have changed – which is why financial forecasting is more important than your annual budget. They’re focused less on benchmarking current performance to the predicted budget and instead want to leverage real-time data to understand what the future looks like. What’s the Financial Forecast Look Like?

article thumbnail

Preparing Your Finance Organization for the New Era of AI

CFO Leadership

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. AI is a tool and not a replacement for finance professionals. over at least the next decade.

article thumbnail

Elevating tomorrow’s finance leaders today

Future CFO

According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. Controllers: Companies don’t have access to historical data to benchmark their responses and performance against or help model future scenarios.